Fitzroys is delighted to offer this exciting re-positioning opportunity in Melbourne's highly sought after city fringe office market, 2-6 Southampton Crescent, 27-29 Duke Street & 36 Bond Street, Abbotsford for sale.
The ultimate commercial package suited to value add investors, developers, owner occupiers and speculators.
Key features include:
- Iconic 5-level, part refurbished office/medical building of 6,048sqm with large, light filled average floor plate of c 1,210sqm*
- Adjoining land with permit for new 5,170sqm* office (+129 cars) currently 3 warehouses, leased short term
- Total land area 3,099sqm* with 3 street frontages
- Potential NLA 10,484sqm* plus 129 cars per approved permit
- Suit value-add investors, developers and owner occupiers
- Part leased (28%) to single medical tenant - Starpharma (ASX listed) until Dec 2027
- Total passing income of $840,000 per annum gross*
- Rapidly gentrifying mixed use precinct close to Victoria Gardens shopping centre and only 3kms* to Melbourne CBD
- Buy below replacement cost in burgeoning precinct
- 0 Stars NABERS Energy Rating
* approx.
The size of Abbotsford is approximately 1.8 square kilometres. It has 10 parks covering nearly 14.0% of total area. The population of Abbotsford in 2016 was 8184 people. By 2021 the population was 9088 showing a population growth of 11.0% in the area during that time. The predominant age group in Abbotsford is 30-39 years. Households in Abbotsford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Abbotsford work in a professional occupation.In 2021, 42.50% of the homes in Abbotsford were owner-occupied compared with 38.80% in 2016.
Abbotsford has 7,998 properties. Over the last 5 years, Houses in Abbotsford have seen a 6.97% increase in median value, while Units have seen a -2.11% decrease. As at 31 March 2026:
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